The state of being in-the-know, including, but not limited to, being stylish or fashionable. It is sometimes claimed to have replaced its predecessor, "hep," with the 1946 popular song, "(Get Your Kicks on) Route 66," first recorded by Nat Cole, and the Rolling Stones (and many others) after that. According to the songwriter, he changed "hep" to "hip" for the sake of a rhyme (see example).
by Nick Cusa September 02, 2006
Phrase used to claim there are too many bosses, not enough workers, but also used to lament the over-education of the "masses," who should realize their place. Usually uttered by yuppies or their parents, quite confident that no one in their circle will end up a mere "Indian."
"Ah, another fellowship program, but you can't find a good lawn man these days. Too many chiefs, not enough Indians."
by Nick Cusa March 30, 2008